DoorDash Aims to Raise $3.4 Billion in Much-Awaited IPO
Food delivery start-up DoorDash said on Friday it expects to raise up to $3.14 billion in the U.S. initial public offering (IPO), according to Yahoo! finance. The company, the biggest…
Airbus Targets Zero-Emission Jets with Bets on Hydrogen
Airbus has given itself five years to develop a plane that uses hydrogen in modified gas turbines to propel the engines and in fuel cells to create electrical power, according…
Germany Manufacturing Boosted as New Orders Rise 2.9% in October
Germany’s new orders increased 2.9% in October, more than expected 1.4%, according to Destat press release. Excluding major orders, real new orders in manufacturing were 1.7% higher than the previous…
OPEC+ Agree to Small Oil Production Hikes Next Year
OPEC+ will add 500,000 barrels a day of oil output in January, giving the market more time to absorb the extra supply, according to Bloomberg Quint. The hike is a…
U.S Records Fastest Expansion in Private Sector Output Since March 2015
U.S. recorded a Composite PMI Output Index of 58.6 in November, up from 56.3 in October, the sharpest rate of growth since March 2015, according to IHS Markit press release.…
U.S. Jobless Claims Drop, but Labor Market Concerns Remain
U.S. initial jobless claims for the week ended November 28 was 712,000, a 75,000 decline from the previous week and below expected 775,000, according to the Department of Labor press…
Goldman: Copper’s Bullish Momentum “Fully Underway,” More Potential for Upsides
Goldman Sachs analysts believe copper’s bullish run is now "fully underway," with prices up 50% from the 2020 lows, reports CNBC. On Tuesday, copper prices touched $7,719 per metric ton…
U.S. Private Sector Gains Over 300,000 Jobs in November
U.S. private-sector employment rose 307,000 in November, on a seasonally adjusted basis, according to ADP Research press release. Job growth remained positive across all industries and sizes, although the pace…
Roche Gets Emergency Use Authorization for its Coronavirus Antibody Test
The U.S. Food and Drug Administration has granted Roche an emergency use authorization (EUA) for Elecsys Anti-SARS-CoV-2 S test, according to Roche’s press release. The test will gauge an individual’s…
Salesforce Targets Remote Working with $27.7 Billion Acquisition of Slack
Salesforce.com Inc. has agreed to buy workplace messaging app Slack Technologies Inc. for $27.7 billion, according to Reuters. Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce…
U.S. Manufacturing PMI Declined to 57.5% in November. Remains Below Expectations
U.S. November Manufacturing PMI was 57.5%, down 1.8% from October’s 59.3%, and below expected 58.0, according to press release. Manufacturing strengthened for the sixth straight month, but at slower rates…
Bipartisan Senators Aims To Break Partisan Deadlock Through A $908 Billion Stimulus Plan
A bipartisan group of senators are expected to unveil a $908 billion stimulus proposal on Tuesday, according to The Washington Post. The stimulus proposal will break a months-long partisan impasse…
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